All About Business

Methods of Marketing

Hopewell Valley Student Publications Network — Wed, 02 Feb 2022 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode #8: The Methods of Marketing

Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We explain why marketing is important, what it is, and how to use it in your business.

You are listening to All About Business, the podcast with your host(s) Prithvi.

In this episode of All About Business the Podcast we discuss: what marketing is, why it’s so important, and how to use it in your own business.

Segment 1: What is marketing?

In this segment I will be explaining what marketing is and how it works.

Defining Marketing
Methods used in marketing
Marketing to customers and maintaining relationships with customers
Matching products to the right target market
Product, Price, Place, and Promotion are the 4 P’s of marketing.
Product
Price
Place
Promotion

Segment 2: Why is marketing so important?

In this segment I will be explaining why marketing is so important, and why you need to use it.

Marketing Is An Effective Way of Engaging With Customers
Marketing Helps to Build and Maintain the Company’s Reputation
Marketing Helps To Boost Sales
Marketing Can Help Provide Insights Into Your Business
Marketing Helps Your Business Remain Relevant
Marketing Creates Revenue Options
Marketing Helps The Management Team Make Informed Decisions

So, let's head onto our final segment.

Segment 3: How to use marketing in your own business?

In this segment I will be discussing how to use marketing in your own business.

First you need to decide what your target market will be. Some factors you may want to consider are:
Where do they live?
Age?
Gender?
Likes and/or dislikes?
Hobbies?
Recent purchases?
Favorite product/service?
You can find this information by creating a survey.
After you figure out your target market you need to figure out which type/types of marketing will work/appeal to you, your brand, and clients.
Some option for marketing are:
Traditional Marketing
Outbound Marketing
Inbound Marketing
Digital Marketing
Video Marketing
Influencer Marketing
Word of Mouth Marketing

In this episode I basically explained why marketing is important and how to utilize it in your own business/brand. So thank you guys for tuning in on this episode of All About Business, check out my previous episodes and tune in for more next time. Bye

Music Credits:

Daydream Dripping by SKIRK
Inside Boy by BARY
Timelapse by MendeX
Forever by Nomyn
SKY by KC5

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NFTs and Their Controversy

Hopewell Valley Student Publications Network — Wed, 02 Feb 2022 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode #6: NFTs

Tweet to be shared on the network’s twitter handle: Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We give a brief overview about NFTs, what they are, how they work, examples of NFTs, and we will be hearing from a couple guests who will give their opinions on NFTs.

You are listening to All About Business, the podcast with your host(s) Prithvi.

In this episode of All About Business the Podcast we discuss: what NFTs are, how they work, examples of NFTs and we will be hearing from my 2 guests on their opinions about NFTs.

Segment 1: What are NFTs and how do they work?

In this segment I will be explaining what NFTs are.

NFTs stand for non-fungible tokens. They are unique non-interchangeable units of data stored on a digital ledger. NFTs can be anything digital but are mostly pieces of digital art that are verifiable assets that can be easily traded on the blockchain.
In simpler terms they are essentially digital trading cards that people can buy and sell. Each NFT is unique, no two NFTs are the same. Most NFTs are part of the Ethereum blockchain, and can be purchased on various websites and marketplaces.
Usually people buy NFTs with Ethereum, and most NFTs can be extremely expensive, some selling for millions of dollars. But, are they worth it? If you really appreciate artwork and you have the money then go ahead. But, all NFTs can be copied meaning even if you bought it others can take it just by copying the URL itself.
On the other hand, making and selling an NFT is pretty simple. All you need is a digital wallet, a small purchase of Ethereum, and a connection to an NFT marketplace. After that all you have to do is make a piece of digital art and upload it onto a marketplace. Then buyers may come across your art and buy it.
NFTs can quickly balloon and value if they become popular, some have been sold for up to $69.3 million. Speaking of popular NFTs, in our next segment I will be talking about popular NFTs, so lets head onto segment 2.
OpenSea: https://opensea.io/

Segment 2: Popular NFTs

In this segment I will be listing a few popular NFTs, and explain more about benefits and problems with them.

The most popular NFTs by sales volume of all time

CryptoPunks: Has a total of 10K items, 3.3k owners, and has a trade volume of 750.3k ethereum.
Bored Apes Yacht Club: Has a total of 10K items, 5.9k owners, a floor price of 50.69 ethereum, and has a trade volume of 261.0k ethereum.
Decentraland: Has a total of 97.2K items, 6.0k owners, a floor price of 3.494 ethereum, and has a trade volume of 225.5k ethereum.
Mutant Ape Yacht Club: Has a total of 17K items, 10.6k owners, a floor price of 6.1 ethereum, and has a trade volume of 128.3k ethereum.
The Sandbox: Has a total of 102.9K items, 17.1k owners, a floor price of 2.969 ethereum, and has a trade volume of 111.3k ethereum.
Rariable: Has a total of 306.5K items, 197.6k owners, and has a trade volume of 97.8k ethereum.
Meebits: Has a total of 20K items, 5.4k owners, a floor price of 2.772 ethereum, and has a trade volume of 77.4k ethereum.
Decentraland Wearables: Has a total of 71.0K items, 10.1k owners, a floor price of 0.003 ethereum, and has a trade volume of 75.9k ethereum.
Loot: Has a total of 7.8K items, 2.5k owners, a floor price of 2.5 ethereum, and has a trade volume of 71.9k ethereum.
Crypto Kitties: Has a total of 2.0 million items, 110.7k owners, and has a trade volume of 69.9k ethereum.

Creating and selling NFTs are a way to make money fast. If you make an NFT that becomes popular you can make thousands of dollars, maybe even millions. The problem with that is NFTs are volatile meaning their price can fluctuate drastically. NFTs are also controversial in the investment community, many claiming them to be a scam and a waste of money. So in our final segment I will be pitting two guest students against each other in a debate for and against NFTs. Let's head onto our final segment.

Segment 3: For and against

In this segment my guest students, Vayun (says hi) and Marius (says hi) will be arguing for and against NFTs.

Vayun will be defending them while Marius will be arguing against them. So I’ll let Vayun go first.

Thank you Marius and Vayun for your opinions and arguments for and against. I’ll let the listeners decide who made the better argument and speaking of the listeners, thank you to guys for tuning in on this episode of All About Business. Please share this podcast with anyone you know and tune in next time, bye.

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Cryptocurrency

Hopewell Valley Student Publications Network — Wed, 02 Feb 2022 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode #5: Cryptocurrency

Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We discuss what cryptocurrency is, how it works, and we will be hearing from a guest who has knowledge on the topic.

You are listening to All About Business, the podcast with your host(s) Prithvi.

In this episode of All About Business the Podcast we discuss: what cryptocurrency is, how it works, cryptocurrency you should invest in, and we will be hearing from a guest about his opinion and experience with crypto, so let’s dive right in and head onto our first segment.

Segment 1: What is Cryptocurrency and how does it work?

In this segment I will be explaining what cryptocurrency is and how it works.

Cryptocurrency is a relatively new type of currency, the main difference between it and traditional currency is its exclusively virtual, meaning there is no physical form of the currency
The way it's created is also unique, instead of being created by a central bank or government, cryptocurrency enters circulation through a technological process which involves the participation of volunteers from around the world using their computers.
That’s why most cryptocurrencies are described as decentralized, they aren’t controlled by a single entity or nation, it takes entire networks of volunteers from around the world to validate and secure transactions made with cryptocurrency.
Some Other Differences Between Crypto and Physical Currencies:
Regulation: Because cryptocurrency is fairly new it is largely unregulated compared to physical currencies. Even with a few regulations established they vary depending on jurisdiction.
Speed: Cross-border transactions around the world with cryptocurrency can take minutes instead of several business days like physical currency.
Cost: Cross-border transactions with crypto can also cost significantly less than physical currency.
Supply: Unlike physical currency, crypto has a limit on how many tokens can be released into circulation. When countries have a financial crisis governments and banks can print more money. But with crypto there is a certain limit to how many tokens can be produced. For example, the number of Bitcoin has to reach 21 million in circulation before it stops being released.
Immutable: This means that all crypto transactions are final, once they are added to the ledger it’s virtually impossible to reverse it.
If you want get started you can buy crypto on various platforms, here are a few:
Coinbase
Crypto.com
Robinhood
Binance
I will include the links in the show notes if you want to check them out.
Speaking of buying crypto, there are over 13,000 different types to choose from and in our next segment I will list some that have the potential to grow in the future, let’s head on to segment 2.

Segment 2: Coins to Invest In

In this segment I will list some cryptocurrencies that could grow in the future.

Ethereum: Experienced tremendous growth over the last 5 years in which it grew over 42,000% from $11 to $4,700. With its current market cap at over $557 billion and growing, this upwards trend may continue over the next few years and is a great coin to buy if you want to see potential significant growth.
Binance Coin: With a current market cap of $104 billion and a value of $628 it has risen 627,000% over the last 4 years where it started at $0.10. Its amazing growth will most likely continue on and probably reach the $1,000 mark within the next 2-3 years.
Solana: With its recent launch in 2020 it quickly grew 26,500% from $0.77 to $213.42 as of Nov. 30, 2021. It currently has a market cap of $64 billion and with such a recent start it has a higher potential of growing and carrying its increasing momentum for the next couple of years.
Cardano: Although a relatively cheap coin, Cardano showed modest growth over the last 4 years growing from $0.02 to $1.57 a 7,850% growth, it also has a market cap of over $52 billion. Its slow growth may be good for those looking for long term investments, while its cheap price may be great for beginners.
DogeCoin: Although it started out as a meme coin it rapidly grew from $0.0002 to $0.22, a 110,000% over the last 4 years. Its rapid growth was fueled by billionaires like Elon Musk who talked about it as a joke. With a market cap of $28 billion and a very fast growth rate it is a great potential investment.

Segment 3: Experienced in Cryptocurrency

In this segment me and my recurring guest Vayun (Vayun says hi) will be discussing his knowledge, opinions, and experiences with cryptocurrency.

Questions:

Do you know any cryptocurrencies that people should invest in right now?
Why do you find crypto so interesting?
What about crypto is so interesting?
Have you researched or invested in crypto?
Do you know anyone who invests or has invested in crypto?
Why do you think Bitcoin is so highly valued/how did it become so highly valued?
Would you invest in crypto in the future?
What does the future of crypto look like?

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Everything About Ecommerce

Hopewell Valley Student Publications Network — Thu, 27 Jan 2022 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode #7: Everything About Ecommerce

Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We explain what ecommerce is, its benefits and risks, and how to get started in it.

You are listening to All About Business, the podcast with your host(s) Prithvi.

In this episode of All About Business the Podcast we discuss: what ecommerce is, its benefits and risks, and how to get started in it.

Segment 1: What is ecommerce?

In this segment I will be explaining what ecommerce is and give some examples of major ecommerce websites.

Ecommerce is the buying and selling of goods and services over the internet.
It can be conducted on any smart device like phones, tablets, and computers.
You can purchase pretty much anything online.
Online stores like Amazon, Ebay, Etsy, and Fiverr are just a few examples of stores that are purely ecommerce.
Retail stores like Walmart and Target also have websites but are still mainly brick and mortar businesses.
Many ecommerce websites are made up of independent sellers who sell their products through big ecommerce website like Ebay, Amazon, Etsy, and Fiverr or on their own individual websites

Segment 2: Benefits and Risks of E Commerce

In this segment I will be explaining the benefits and risks of starting your own ecommerce business or online store.

Risks:
Online Security
System reliability
Privacy Issues
Customer Disputes
Intellectual Property
SEO(Search Engine Optimization)
Taxation
Return of Goods or Warranty
Warehousing and Logistics
Benefits:
Low Cost
24/7 Potential Income
International Selling
Easy to showcase best sellers
Affordable employees
Easier to encourage impulse buying
Easy to remarket to customers
Customers get a less invasive experience
Able to scale business quickly

Segment 3: How to get started.

In this segment I will be explaining how to get started in ecommerce/how to start your own ecommerce business.

Researching Ecommerce Niches
Will you be sellings products or services?
If you're selling products, are they physical or digital?
Where will you acquire your products?
What business model do you want to use?
Selecting a business/legal structure
EIN
Obtain Business Permits and Licenses
Choose an Ecommerce Platform and Create Your Website
Source or Develop Products
Market Your Ecommerce Business

In this episode I basically explained how to set up your own ecommerce store and how it works. So thank you guys for tuning in on this episode of All About Business, check out my previous episodes and tune in for more next time. Bye

Music Credits:

Daydream Dripping by SKIRK

Inside Boy by BARY

Timelapse by MendeX

Forever by Nomyn

SKY by KC5

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Dropshipping

Hopewell Valley Student Publications Network — Tue, 14 Dec 2021 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode #4: Slipping Into Drop-Shipping

Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We explain what dropshipping is, how it works, how to get started in it, and we hear from a student guest who has experience in drop-shipping.

You are listening to All About Business, the podcast with your host(s) Prithvi.

In this episode of All About Business the Podcast we discuss: what dropshipping is, how it works, the benefits and risks of dropshipping, and we will be hearing from a guest who has had experience in the field of drop shipping.

Segment 1: What is dropshipping?

In this segment I will be explaining what dropshipping is and how it works.

Dropshipping is an order fulfillment method where a store doesn’t keep the products it sells in stock. Instead it purchases the products from a third party supplier and ships/sells it to customers.
A business or store will first receive orders for products from consumers and then will ask the dropshipper to fulfill these orders. The dropshipper will then sell the products to the store who will then ship the products to consumers.
This way businesses don’t have to worry about having products that aren’t selling or having excess stock.
Drop Shipper: A drop shipper is a manufacturer or supplier who manages inventory for a retail merchant and ships orders to their customers. Being a drop shipper can bring in high profits for a really low launch cost. It also has low barriers for entry, further increasing the ease of entry into the industry.
Drop Shipping is a great way to make money early on and quickly because of how easy it is to get started, but although there are many benefits there are also a few risks involved. Let's hear more about them in the next segment.

Segment 2: Benefits and Risks of Dropshipping

In this segment I will be talking about the benefits and risks of dropshipping.

Benefits:

It’s easier to startup and launch
It’s scalable
Does not require a specific location or office
It’s flexible
Simpler to manage

Risks/Challenges:

Slim profit margins
Dropshipping can complicate order processing

Although dropshipping has both pros and cons, its benefits definitely outweigh its disadvantages. It’s a great way to make money quickly and with ease, while also learning about business and gaining more experience in it. In our next segment we will be hearing from a student who has experience in drop shipping so let's head onto our final segment.

Segment 3: Experienced in Drop Shipping

In this segment me and my guest star Paul McGrail (Paul says hi) will be discussing his experiences with dropshipping.

How did you find out about drop shipping?
How did you get into or start out in drop shipping?
Was it a good idea and is it still a good idea to drop ship?
Are you a drop shipper?
Do you still drop ship?
What do you drop ship?
Do you plan on continuing to drop ship?

Thank you Paul for your great information and advice on drop shipping. I hope you would consider coming back on another later episode, and thank you to our listeners for tuning in on this episode of All About Business. Please share this podcast with anyone you know and tune in next time, bye.

Music Credits: List the artist and song name

Daydream Dripping by SKIRK

Inside Boy by BARY

Timelapse by MendeX

Forever by Nomyn

SKY by KC5

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Money Box of Stocks

Hopewell Valley Student Publications Network — Mon, 08 Nov 2021 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode Title: Money Box of Stocks

Episode #3

Tweet to be shared on the network’s twitter handle: Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We give a brief overview about stocks, debate about which stocks are better, and let you know what stocks you should invest in.

You are listening to All About Business, the podcast with your host(s) Prithvi and today’s guest. We will be hearing from them in our 2nd and 3rd segment so stay tuned for that.

In this episode of All About Business the Podcast we give a brief overview of stocks, debate which types of stocks are better, and let you know what stock to invest in.

Segment 1: What are stocks?

In this segment I will give a brief overview on what stocks are, how they work, and where you can start investing.

A stock is a type of investment that represents an ownership share in a company. Investors usually buy stocks in hopes that the price will increase so they can sell and receive a profit. Companies benefit from this because they receive the money from investors that purchase stocks and they can invest this money into their company/business.
Buying and selling stock seems easy at first, until you realize the risks involved.
Fluctuating Prices: Many stocks fluctuate a lot. This means that the price of the stock increases and decreases quickly. This means if you invest a lot in a fluctuating stock there is a high chance you could lose a large portion or even most of your investment. This can be a huge problem for companies if they invest primarily in a few fluctuating stocks. If these stocks lose value these companies could go bankrupt. This is why most companies and people diversify.
Diversifying: In this case it means that people or companies will invest in multiple different stocks instead of a few stocks. This way in case a couple stocks lose value you have other investments that you can rely on.
There are many ways to invest in stock, here a couple websites (I will include the links in the show notes):
Fidelity Investments: https://www.fidelity.com/trading/overview
TD Ameritrade: https://www.tdameritrade.com/
Charles Schwab: https://www.schwab.com/open-an-account
Robinhood: https://robinhood.com/us/en/
E-Trade: https://us.etrade.com/home
There are also many different types of stocks, a few of them are:
Common Stock
Preferred Stock
Large-cap stocks
Mid-cap stocks
Small-cap stocks
Domestic stocks
International stocks
Blue chip stocks
Volatile stocks
In the next segment we will be debating which type of stock is better, Blue chip or volatile. If you want to learn more about the other types of stocks I will include a link in the show notes (https://www.fool.com/investing/stock-market/types-of-stocks/) that you can check out. See you in the next segment.

Segment 2: Blue Chip Stocks vs. Volatile Stocks

Welcome to segment 2. In this segment our two guests Vayun Tandon who was in our last episode, go check it out if you haven’t already, and Kai Sugrue will be debating which type of stock is better. Vayun will take blue chip stocks while Kai will be taking volatile stocks.

Prithvi: Ok so Kai since this is your first time being on the show I will let you go first.

Kai and Vayun make their points on each of the stocks

You guys both made very good points but I personally think that _____ insert type of stock________ are better. So that is the end of our second segment let's head onto the final segment.

Segment 3: Stocks to Invest In

In this segment Vayun and Kai will both list out a few stocks that they think are a great investment right now and explain why.

Vayun and Kai list and explain stocks

Prithvi asks a question or makes a comment every now and then.

Thank You Vayun and Kai for your helpful advice on what stocks to invest in, and I hope you guys want to come back on the show again to spread more of your knowledge later on. Thank you to our listeners for tuning into this episode. I hope to see you next time, bye.

Music Credits:

Daydream Dripping by SKIRK

Inside Boy by BARY

Timelapse by MendeX

Forever by Nomyn

SKY by KC5

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The State of Real Estate

Hopewell Valley Student Publications Network — Mon, 08 Nov 2021 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode Title: The State of Real Estate

Episode #2

Tweet to be shared on the network’s twitter handle: Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. We talk about real estate, how it works, and how to invest in it.

Record during recitation: You are listening to All About Business, the podcast with your host(s) Prithvi and a guest. We will be hearing from him in segment three, so stay till the end if you want to hear his opinions and views on today’s topic.

Speaking of today's topic, in this episode of All About Business the Podcast we discuss: What is real estate, how it works, and what areas have the potential to grow in value.

Segment 1: What is real estate?

For our first segment I will discuss real estate and give a brief overview on the different types and categories of real estate.

Real estate is property that consists of land that has both man-made buildings and natural resources on it.
A real estate business buys, sells, manages, or invests in real estate properties
There are 5 main types of real estate:
Residential: Refers to any property that is used for housing. This includes family homes, cooperatives, duplexes, and condos.
Commercial: Refers to any property that is exclusively used for business purposes. This includes apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.
Industrial: Refers to all lands that accommodate industrial-sized activities. These activities include manufacturing, production, distribution, storage, and research and development. Some buildings include factories, power plants, and warehouses.
Raw land: Refers to undeveloped or agricultural land such as farms, ranches, and timberlands. Can be significantly cheaper and requires no property insurance. But it cannot generate income on its own.
Special use: Property used by the public like cemeteries, government buildings, libraries, parks, places of worship, and schools.

Segment 2: How does it work?

In this segment we will be discussing how to invest in real estate, what risks are associated with it, but also what rewards you could acquire if you invest in real estate.

Basically if you buy a property for lets say $200,000 and you wait for a couple months or years and sell it for $400,000 you make a profit of around $200,000. Why were you able to sell it for $200,000 more? It's because the value of the property increased.
There are many different ways of investing in real estate, here are a few:
Buy a rental property: Buying a residential or commercial property that you plan on renting to tenants.
Invest in REIT or a real estate stock: REIT’s are specialized companies that own, operate, manage, or otherwise acquire income from real estate assets. You can also invest in real estate stocks, mutual funds, or ETF’s if you would rather invest in a portfolio rather than a single REIT.
Rent all or part of your house: Isn’t an official real estate investment but it’s worth mentioning. You could use Airbnb or similar platforms to rent out your home to others when you're away or traveling.
Fix and flip a house: Fixing and flipping a home refers to buying a home, fixing it, and selling it for a quick profit. It has become popular through the help of several TV shows on the topic. A lot of money can be made in real estate but only if it is done properly. Many risks are involved in flipping houses like unexpected problems and expenses. You would also have to put a lot of work into flipping the house, it's more of a job and if you want to be a passive investor I wouldn’t recommend it.
Build a new home on spec: It basically means building a house from scratch. It can be a great investment in an area with a limited supply of new homes. It can, in some ways, be less risky than flipping a house, because you don’t have to worry about unexpected repairs and you have a better idea of what it will cost. Some downsides of building a new house are its more time consuming and because of the long time, market fluctuations can occur meaning the area or property can lose value or demand quickly.
There are many hidden risks to consider when investing in real estate.
Cons:
Real Estate requires a lot of money
Takes a lot of time
It's a long term investment
Problematic
Unique risks
But there are also many rewards and pros to investing in real estate.
Pros:
Real Estate appreciates over time
Provides steady cash flow
Real Estate builds equity
Gives you control
Provides a hedge against inflation

Segment 3: Areas With Potential

For our final segment we have an HVCHS student, he is experienced and has connections in real estate, our guest for today Vayun says hello/hi. We will be talking about where to buy real estate and areas that have the potential to have high returns in the future.

Prithvi: So Vayun, do you know any places where people should buy real estate now?

Vayun: Says where to buy real estate.

Prithvi: Why do you think those areas will increase in value?

Vayun: Says why.

Prithvi: Do you know anyone in real estate, personally speaking?

Vayun: Says who he knows.

Prithvi: Responds.

Prithvi: What category of real estate do you think will become more profitable in the future?

Vayun: Answers.

Prithvi: Do you think you would want to invest in real estate in the future? If so, why?

Vayun: Answers.

Prithvi: Responds or gives opinion on it as well.

Prithvi: Well thank you Vayun for giving your time, opinions, and helpful views for this segment. And thank you to the listeners for giving your time to listen in on this episode. See you guys next time. Bye/Peace/whatever

Music Credits:

Daydream Dripping by SKIRK

Inside Boy by BARY

Timelapse by MendeX

Forever by Nomyn

SKY by KC5

Subscribe to our Podcast

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Connect with us on Social Media

@theHVSPN

Big Industries with Big Money

Hopewell Valley Student Publications Network — Mon, 08 Nov 2021 09:00:00 -0500

Hopewell Valley Student Podcasting Network

Show Name: All About Business

Episode Title: Big Industries with Big Money

Episode #1

Tweet to be shared on the network’s twitter handle: Check out the latest episode of #allaboutbusiness the podcast on hvspn.com. I will talk about some of the most important industries and which ones will grow significantly in the future.

You are listening to All About Business, the podcast with your host(s) Prithvi.

In this episode of All About Business the Podcast I discuss: the industries of business, why they are important, and what industries have the potential to grow more in the future.

Segment 1: Different Industries and Brief Descriptions of Each One.

For our first segment I will be discussing some of the major business industries and give a brief description on each of them.

Technology:
Sells electronics like phones, computers, tablets, TV’s, etc.
Software/Programs, examples: excel, word documents, search engine/web browser, OS system, graphics program, pretty much any application you use on your phone, computer, or any other electronic device with applications.
Hardware development of CPUs, motherboards, graphics cards, any physical parts or components of a computer.
Artificial Intelligence: The development of AI or a simulation of human intelligence in a computer.
E-Commerce: Buying and selling of goods or services online, examples Amazon, Ebay, Etsy, Fiverr, and Alibaba. These are just some of the major E-Commerce companies, most businesses like Walmart and Target also have E-Commerce websites.
Healthcare:
The healthcare industry is made of companies that offer medical services, manufacture drugs, manufacture medical equipment, and offer medical insurance.
The healthcare industry helps diagnose and treat patients, these companies also play a role in nursing and management of illness, disease, and injury.
The healthcare industry is also intertwined with the technology industry because new medical equipment, drugs, and treatments are being developed constantly by Medical Technology companies who specialize in the invention, development, and production of medical technology that I listed earlier.
Agriculture:
The agricultural industry is the science of cultivating plants, animals, and other sources of food.
For example, apples, oranges, peaches, corn, strawberries, blueberries, pumpkins, tomatoes, and watermelons are some of the plants that farmers grow.
Cows, pigs, and chickens are just a few examples of animals that are raised for food in the agricultural industry.
Retail:
Retail is the process of selling products and goods to consumers through stores.
Retail stores include grocery stores, clothing stores, book stores, or pretty much any store that sells a product that was manufactured or produced.
Transportation:
The transportation industry is the movement of humans, animals, products, and goods from one location to another.
Humans use cars, boats, trains, and planes to get from point A to point B.
Products and goods are transported from a manufacturer or a producer to a retailer.
Animals are also transported usually for food to grocery stores.

Segment 2: Why they are important

This segment will explain why each of the industries that I mentioned earlier are important and essential.

Technology:
The technology sector is a vast and ever growing industry that brings in trillions of dollars each year. As of 2020 the technology sector brought in $5.2 trillion dollars globally and in the U.S. is expected to bring in $5 trillion by the end of 2021. Consumers are constantly buying new phones, computers, tablets, smartwatches, etc. Companies are using more and more applications in order to create E-Commerce websites and to organize and run their companies more efficiently. Technology is making its way into every other industry that we know of whether it's through machinery and electronics or software and applications.
Healthcare:
The healthcare industry is essential because without it we wouldn’t be able to treat, cure, and prevent diseases and injuries that could harm or even potentially kill us. It was worth around $8.45 trillion in the U.S. and $11.9 trillion globally as of 2018. The healthcare industry is becoming a lot more safer and more advanced because companies are inventing new machines to help with the treatment of patients.
Agriculture:
The agricultural industry is an extremely important industry because it is the main producer of food. The agricultural industry produces fruits, vegetables, plants, and animals/animal products for billions of people. As of 2020 the agricultural industry was worth $9.6 trillion globally and is expected to grow to $10.18 trillion by the end of 2021.
Retail:
The retail industry sells products like food, clothes, electronics, appliances, etc. to consumers. Without retailers it would be hard for customers to buy products that they need or want. The retail industry was worth $25 trillion in 2019. A huge industry compared to the others but recently many retailers closed down due to the pandemic.
Transportation:
The transportation industry transports people, products, goods, etc. from one place to another. It helps connect manufacturers and producers/farmers with retailers and grocery stores. Without it we wouldn’t be able to buy products that manufacturers make straight from retailers. As of 2020 the trucking industry was worth $2.1 trillion. It's hard to pinpoint exactly the total worth of the industry which includes air, boat, car, and train travel/transportation.

Segment 3: Which industries will grow significantly in the future.

The final segment will talk about which industries have the potential to grow exponentially in the future. This may include industries discussed earlier and other industries that I will now introduce.

Technology:
The technology sector will definitely grow because of how infinite the possibilities for the industry seem. Since new technologies are constantly being developed, produced, and then sold the industry has no choice but to grow. The technology industry has its reach over every industry and every market in the world like healthcare, agriculture, retail, transportation, real estate, insurance, etc. each of these industries and more utilize technology in one way or another. The E-Commerce sector, which is included in the technology industry, is already dominating the market and is growing fast. As long as there are companies that develop and produce new technologies the industry will grow.
Healthcare:
The healthcare industry has to grow because of the development of new medical equipment, drugs, treatments, and cures. The technology industry plays a key role in healthcare because medical equipment is required to treat and diagnose a patient properly without any equipment curing, treating, or operating on a patient becomes extremely difficult which could cause a higher mortality rate.
Automobile:
The automobile industry is already growing significantly due to the rise of electric and hybrid cars. Companies are also developing cars with more safety features, like lane assist, self parking, automatic braking, and better protection against crashes. Self driving cars are already in the market with Tesla at the forefront with its cars that can drive on highways without any assistance required. Fully self-driving cars are still out of reach, in the future when they are developed, they may help boost the industry significantly.

Music Credits:

Daydream Dripping by SKIRK

Inside Boy by BARY

Timelapse by MendeX

Forever by Nomyn

SKY by KC5

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All About Business

Hopewell Valley Student Publications Network — Mon, 08 Nov 2021 09:00:00 -0500

Introduction: All About Business Podcast

All About Business is a podcast that talks about some of the most popular and successful industries/markets in the world. Join podcast host, Prithvi Mohapatra, as he discusses how different industries/markets work, why they are so successful, and how to make money in them.

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